FORT WORTH, Texas (AP) — American Airlines Group Inc. on Thursday reported third-quarter earnings of $942 million.
The Fort Worth, Texas-based company said it had profit of $1.28 per share. Earnings, adjusted for non-recurring costs, came to $1.66 per share.
The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.
The world's largest airline posted revenue of $11.14 billion in the period, which did not meet Street forecasts. Analysts expected $11.16 billion, according to Zacks.
American Airlines shares have risen 47 percent since the beginning of the year.